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20-Aug2018

Cotton futures edge higher on MCX

Cotton futures edged higher on MCX amid rising demand from traders and stockists at the spot market. Besides, erratic rains and reports of pest attack from major producing belts also added support on cotton futures.

The contract for October delivery was trading at Rs 23340.00, up by 0.17% or Rs 40.00 from its previous closing of Rs 23300.00. The open interest of the contract stood at 3854 lots.

The contract for November delivery was trading at Rs 22870.00, up by 0.04% or Rs 10.00 from its previous closing of Rs 22860.00. The open interest of the contract stood at 2042 lots on MCX.


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